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| 1.1 |  | The following terms shall have the following meanings for all purposes of this Agreement: |
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|  |  | “**Aircraft**” means the Airframe and the Engines. Such Engines shall be deemed part of the
“Aircraft” whether or not from time to time attached to the Airframe or on the ground. |
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|  |  | “**Airframe**” means that certain Gulfstream 200 aircraft bearing U.S. registration number
N204DD, and manufacturer’s serial number 139, together with any and all Parts (including,
but not limited to, landing gear and auxiliary power units but excluding Engines or engines)
so long as such Parts shall be either incorporated or installed in or attached to the
Airframe. |
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|  |  | “**Applicable Law**” means, without limitation, all applicable laws, treaties, international
agreements, decisions and orders of any court, arbitration or governmental agency or
authority and rules, regulations, orders, directives, licenses and permits of any
governmental body, instrumentality, agency or authority, including, without limitation, the
FARs and Title 49, Subtitle VII of the United States Code. |
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|  |  | “**Business Day**” means any day of the year in which banks are not authorized or required to
close in the location of Lessor’s address for notification. |
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|  |  | “**Engines**” means two (2) Pratt and Whitney engines, serial numbers PCE-CCO286 and PCE-CCO287
together with any and all Parts so long as the same shall be either incorporated or